Vicinity Motor Corp [NASDAQ: VEV] gained 9.93% on the last trading session, reaching $0.17 price per share at the time.
If compared to the average trading volume of 7.94M shares, VEV reached a trading volume of 34077313 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Vicinity Motor Corp [VEV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VEV shares is $1.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VEV stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Vicinity Motor Corp is set at 0.07, with the Price to Sales ratio for VEV stock in the period of the last 12 months amounting to 0.28. The Price to Book ratio for the last quarter was 0.40, with the Price to Cash per share for the same quarter was set at 0.09.
Trading performance analysis for VEV stock
Vicinity Motor Corp [VEV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.84. With this latest performance, VEV shares dropped by -58.29% in over the last four-week period, additionally sinking by -78.85% over the last 6 months – not to mention a drop of -82.83% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VEV stock in for the last two-week period is set at 35.96, with the RSI for the last a single of trading hit 36.48, and the three-weeks RSI is set at 36.51 for Vicinity Motor Corp [VEV]. The present Moving Average for the last 50 days of trading for this stock 0.4299, while it was recorded at 0.1533 for the last single week of trading, and 0.6997 for the last 200 days.
Vicinity Motor Corp [VEV]: A deeper dive into fundamental analysis
Vicinity Motor Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.33 and a Current Ratio set at 0.90.
An analysis of Institutional ownership at Vicinity Motor Corp [VEV]
There are presently around $0.29%, or 0.32%% of VEV stock, in the hands of institutional investors. The top three institutional holders of VEV stocks are: GEODE CAPITAL MANAGEMENT, LLC with ownership of 64732.0 shares, which is approximately 0.1417%. FEDERATION DES CAISSES DESJARDINS DU QUEBEC, holding 43159.0 shares of the stock with an approximate value of $$24592.0 in VEV stocks shares; and FEDERATION DES CAISSES DESJARDINS DU QUEBEC, currently with $$7980.0 in VEV stock with ownership which is approximately 0.0286%.
